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US News Archive for August 2007:
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U.S. Money for Traffic Is Short of Bloomberg?s Plan
The U.S. Department of Transportation provided significantly less money than the mayor had sought as part of his sweeping proposal...
New York Times - August 14, 2007
Iraqi Military Says 175 Killed, 200 Wounded in 4 Bombings
The bombs tore through the districts near Qahataniya, 75 miles west of Mosul, Iraq?s third-largest city, officials said...
New York Times - August 14, 2007
Economic Scene: Remembering a Classic Investing Theory
David Leonhardt explores how a investing system of the past could aid analysis of today?s stock market...
New York Times - August 14, 2007
CBS and Imus Settle Differences Over His Firing
Don Imus and CBS announced that they had settled the remaining differences surrounding his firing in April...
New York Times - August 14, 2007
UBS Paints Grim Picture for Future Earnings
The Swiss bank?s outlook raises concerns about the sustainability of profit growth in the investment banking sector...
New York Times - August 14, 2007
VMware Shares Surge With I.P.O.
Shares in the software company VMware surged nearly 75 percent early in their first day of trading, closing at $51, or $22 above the initial offering price of $29...
New York Times - August 14, 2007
46 Million Nokia Cell Batteries Defective
The cellphone maker was offering to replace the batteries, which were made in China, at no cost to consumers...
New York Times - August 14, 2007
Fund?s Request for Redemption Halt Denied
The U.S. Commodity Futures Trading Commission said today it had no authority to grant a request by the Sentinel Management Group to block client redemptions...
New York Times - August 14, 2007
Europe?s Bank Says Financial Turmoil Largely Over
The statement by the European Central Bank is a sign that it will likely proceed with a plan to lift borrowing costs in early September to curb inflation...
New York Times - August 14, 2007
Wal-Mart Cuts Annual Forecast
The nation?s largest retailer and a bellwether for the economy warned that profits would be lower than expected for the year, citing higher energy costs and interest rates...
New York Times - August 14, 2007
Dow Falls More Than 200 Points
A jittery Wall Street reacted negatively today to disappointing reports from Wal-Mart and Home Depot...
New York Times - August 14, 2007
Mattel Issues New Recall of Toys Made in China
The world?s largest toy company announced its second major recall of toys from China contaminated with lead paint...
New York Times - August 14, 2007
Millions of toys recalled
The U.S. Consumer Product Safety Commission says Mattel is voluntarily recalling 9 million of its toys because of hazards to children. "The company has ordered that all products be pulled off retail shelves," said Nancy Nord, acting chairman of the commission. full story...
CNN - August 14, 2007
'Hundreds' flooded in North Korea
Heavy rains spawned flooding that left "hundreds" dead or missing in North Korea and destroyed more than 30,000 homes, the country's state media has reported. full story...
CNN - August 14, 2007
Author: Rove exit signals 'end of Bush presidency'
Karl Rove, perhaps the most powerful White House aide in recent history, called it quits Monday, provoking some to declare a symbolic end to the presidency of George W. Bush. full story...
CNN - August 14, 2007
Phil Rizzuto, Yankees Shortstop, Dies at 89
The sure-handed Hall of Fame shortstop nicknamed the Scooter who became a beloved broadcaster died today...
New York Times - August 14, 2007
U.S. Allocates $354 Million to Reduce New York Traffic
The U.S. Department of Transportation announced today that it would help finance Mayor Michael R. Bloomberg?s plan to reduce traffic in Manhattan...
New York Times - August 14, 2007
Google and Microsoft Look to Change Health Care
Two candidates for Web supremacy are working up their plans to improve the nation?s health care...
New York Times - August 14, 2007
VMware Shares Surge With Much-Anticipated IPO
Shares of the rapidly growing software maker increased more than 70 percent this morning, to nearly $50 per share from an initial public offering price of $29...
New York Times - August 14, 2007
Producer Prices Rise 0.6 Percent in July
A jump in energy prices caused prices paid at the producer level to rise more than expected last month despite falling food prices and small price increases for many other goods...
New York Times - August 14, 2007
Wall St Drops on Wal - Mart, More Credit Troubles
The three major indexes fell today as worries about tightening credit conditions spread to the money market area...
New York Times - August 14, 2007
Wal-Mart Posts Lower-Than-Expected Profit
The world?s largest retailer reported quarterly profit of $3.1 billion and cut its full-year earnings forecast, saying its customers remain under economic pressure...
New York Times - August 14, 2007
Mattel Issues New Recall of Toys Produced in China
The world?s largest toy company today announced another major recall of toys contaminated with lead paint. It also recalled millions of other toys whose magnets could be swallowed by children...
New York Times - August 14, 2007
Car exports cut US trade deficit
The US trade deficit narrowed to a four-month low in June, helped by strong car sales, official data shows...
BBC News - August 14, 2007
US retailers warn of tough times
Two US retailing giants, Wal-Mart and Home Depot, warn about a poor year ahead following quarterly results...
BBC News - August 14, 2007
Argentina probes cash-filled case
Argentine authorities seek a Venezuelan man in a scandal involving oil officials and a cash-filled suitcase...
BBC News - August 14, 2007
Hurricane to hit Hawaiian island
Hawaii's Big Island is preparing for a hurricane which is due to bring high winds and heavy rain...
BBC News - August 14, 2007
US stocks fall on renewed jitters
US stocks fall in early trading as problems in the mortgage sector continue to weigh on market sentiment...
BBC News - August 14, 2007
Russia train blast is 'terrorism'
Russia has launched a terrorism investigation into the derailment of an express train that injured dozens, a local official from the prosecutor-general's office said on Tuesday. full story...
CNN - August 14, 2007
Nokia Warns About 46 Million Batteries
The world?s top cellphone maker said that 46 million batteries used in its phones could overheat and the company would replace them for no cost to consumers...
New York Times - August 14, 2007
Mattel Said to Plan 2nd Toy Recall
Less than two weeks after recalling 1.5 million Chinese-made toys, Mattel will announce the recall of another toy involving a different Chinese supplier, The Associated Press reported...
New York Times - August 14, 2007
Float values VMware at $11bn
The hotly-awaited flotation of virtualisation software firm VMware values the firm at $11bn...
BBC News - August 14, 2007
Blackstone warns of deal slowdown
Private equity giant Blackstone warns the tighter credit market will make it more difficult to secure new takeovers...
BBC News - August 14, 2007
Football: Galaxy wait on Beckham
LA Galaxy await an update on David Beckham's ankle injury ahead of Wednesday's game against DC United...
BBC News - August 14, 2007
Van Halen confirm reunion tour
US rock group Van Halen confirm plans to reunite with original singer David Lee Roth for a US tour...
BBC News - August 14, 2007
NY socialite Astor dies aged 105
New York socialite and philanthropist Brooke Astor dies of pneumonia aged 105, her lawyer says...
BBC News - August 14, 2007
Domino presented with lost discs
Blues singer Fats Domino is given gold records that were destroyed or lost in Hurricane Katrina...
BBC News - August 14, 2007
US terror trial draws to a close
Prosecutors call US citizen Jose Padilla a "star recruit" of an al-Qaeda cell as they rest their case against him...
BBC News - August 14, 2007
Campaign deaths mount in Guatemala
Gunmen kill a Guatemalan mayor in an apparent political attack as tensions rise ahead of September's election...
BBC News - August 14, 2007
Polarizer getting 2nd shot at Turk presidency
Turkey's ruling AK Party decided on Monday to re-submit Foreign Minister Abdullah Gul, an ex-Islamist, as its candidate for president, party sources said. The country's secular elite, including powerful army generals, derailed an earlier attempt to have parliament elect Gul as president. full story...
CNN - August 14, 2007
Bloomberg?s Traffic Plan Gets U.S. Boost
Federal officials are expected to announce that they will help finance Mayor Michael Bloomberg?s congestion pricing plan if it is ultimately approved...
New York Times - August 14, 2007
A Grass-Roots Effort to Grow Old at Home
George and Anne Allen are part of a movement to make neighborhoods comfortable places to grow old for those not interested in assisted living...
New York Times - August 14, 2007
Spitzer in His Element at Nascar Race
Eliot Spitzer, the Ivy League Upper East Sider with the reputation for a hyperkinetic braininess, indulged his other side at a Nascar race Sunday...
New York Times - August 14, 2007
It Ain?t ?Damn Yankees? but It?s Got Legs
Members of Broadway and Off Broadway shows trade their costumes for cleats when they play for the Broadway Show League...
New York Times - August 14, 2007
Brooke Astor, 105, Aristocrat of the People, Dies
Brooke Astor reigned over New York society and devoted her considerable resources to New York?s unfortunate...
New York Times - August 14, 2007
News Analysis: Legacy Laden With Protégés
Karl Rove?s legacy as a political strategist can be measured in a presidential campaign that has already begun without him...
New York Times - August 14, 2007
The Hard Part: After Killings, Sense of Unity Surprises Newark
A brutal triple murder has provoked a level of outrage, and commitment to change, not seen in Newark since the riots of 40 years ago...
New York Times - August 14, 2007
Rove Will Resign as Bush Adviser at End of Month
In an emotional appearance with President Bush, Karl Rove said he wanted to think about the ?next chapter? in his family?s life...
New York Times - August 14, 2007
Sears Plans Stock Buyback of $1.5 Billion
The Sears Holdings Corporation, the biggest United States department store company, said yesterday that it planned to buy back $1.5 billion in stock...
New York Times - August 14, 2007
The Ad Campaign: ?Not Invisible to Me?
Senator Hillary Rodham Clinton will begin running the first television commercial of her presidential campaign on Tuesday...
New York Times - August 14, 2007
H&R Block Directors to Stand Re-election Annually
The tax preparer said it would change the terms of its directors from three years to one, barring shareholder approval...
New York Times - August 14, 2007
AirTran Revises Growth Plan After Failing to Buy Midwest
ORLANDO, Fla., Aug. 13 (AP) ? AirTran Holdings will refocus on slow expansion around the country after abandoning its bid to buy a rival air carrier, the Midwest Air Group, company officials said Monday...
New York Times - August 14, 2007
Lender Is Suing Suitor Who Backed Out of Deal
The Accredited Home Lenders Holding Company has sued the private equity firm Lone Star Funds to force it to complete its $400 million takeover of Accredited, a money-losing subprime mortgage lender...
New York Times - August 14, 2007
TXU Sees Breakup if Deal Isn?t Done
DALLAS, Aug. 13 (AP) ? The TXU Corporation said Monday that it would probably break into three separate companies if it cannot complete a $32 billion sale to private investors...
New York Times - August 14, 2007
U.S. Retail Sales Edged Up 0.3% in July
WASHINGTON, Aug. 13 (AP) ? Consumers went shopping for clothes, furniture and electronics products last month, giving a modest boost to retail sales despite continued weakness in the demand for new cars...
New York Times - August 14, 2007
Insurer to Buy Two Merrill Lynch Insurance Units
The Dutch insurer Aegon said agreed to buy the Merrill Lynch Life Insurance Company and the ML Life Insurance Company of New York for $1.3 billion in cash...
New York Times - August 14, 2007
In Reversal, Japan?s Central Bank Pulls Back $5 Billion
The move comes after the bank pumped money into the system for two days to ease fears of a liquidity crisis...
New York Times - August 14, 2007
Subprime Lender Seeks Protection From Creditors
The Aegis Mortgage Corporation joined a growing list of companies hurt by investors? unwillingness to finance home loans for borrowers with poor repayment histories...
New York Times - August 14, 2007
This Time, Mutual Funds Are Losers Too
Concerns about the mortgage market have caused many mutual fund investors to move into the safety of money market funds and Treasuries...
New York Times - August 14, 2007
Advertising: Selling Television Sets by Turning Up the Glamour
Brands are trying to break away from their reliance on 30-second television spots, which some marketers fear have lost their effectiveness...
New York Times - August 14, 2007
Philadelphia Inquirer Names 2 Newsroom Executives
Mike Leary, an assistant managing editor at The Baltimore Sun, and Sandra Long, deputy managing editor at The Inquirer, will jointly rank as No. 2 editors...
New York Times - August 14, 2007
Qwest Picks Phone Veteran to Succeed Retiring Chief
Edward A. Mueller, the incoming chief executive, said he is not planning large changes at the company, which has overcome important debt issues in recent years...
New York Times - August 14, 2007
On the Road: Right There on the Tarmac, the Inmates Revolt
Since Dec. 29, there have been hundreds of reports of passengers unable to get off parked airplanes. But what made Continental Flight 1669 different is that the passengers protested...
New York Times - August 14, 2007
German Bank Hires Greenspan as Adviser
The former U.S. Federal Reserve chairman has been hired as an adviser to Deutsche Bank?s corporate and investment banking unit...
New York Times - August 14, 2007
Stylish Cases Hold a Laptop, and More
Take a look around any airport and the business travelers are easy to spot ? not so much by their wardrobe and gadgets - but by their luggage...
New York Times - August 14, 2007
If It Says McDonald?s, Then It Must Be Good
Some food tastes better to children if they think it came from McDonald?s, a small study suggests...
New York Times - August 14, 2007
Celebrity Magazines Gain, but Not Industry Circulation
Magazine circulation continues to hold steady this year, in contrast to declining sales of newspapers, with big increases among celebrity-oriented magazines...
New York Times - August 14, 2007
Lawyer Quits Qualcomm Job as Legal Caseload Mounts
The resignation of Lou Lupin comes as Qualcomm faces multiple legal battles with rivals such as Broadcom and a U.S. government ban on importing some wireless phones using its chips...
New York Times - August 14, 2007
Owner of Chinese Toy Factory Commits Suicide
Zhang Shuhong?s company was behind the recall earlier this month of more than a million Mattel toys...
New York Times - August 14, 2007
Surge in Consumer Prices Stirs China?s Concern About Overheated Economy
Steeply rising food prices pushed inflation in China to 5.6 percent last month, the fastest pace in a decade, government figures showed...
New York Times - August 14, 2007
Hollywood Agent Wins the Right to Join Rival
Ed Limato, a longtime agent for stars like Steve Martin and Mel Gibson, will be able to leave International Creative Management for a rival and take his clients with him...
New York Times - August 14, 2007
Goldman and Investors to Put $3 Billion Into Fund
Goldman Sachs and a group of investors are injecting $3 billion of capital into one of its flailing hedge funds...
New York Times - August 14, 2007
Dr. Google and Dr. Microsoft
The two leading candidates for Web supremacy are working up their plans to improve the nation?s health care...
New York Times - August 14, 2007
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